Regions

OzForex hires Goldman Sachs, Macquarie for AUD$500 million IPO

July 29
1:16 PM 2013

Global payments provider OzForex acquired the services of Goldman Sachs Group Inc. and Macquarie Group for a possible initial public offering (IPO) later in the year. The OzForex IPO would be Australia's biggest primary listing of 2013, topping deals such as the sale of IVF provider Virtus Health Ltd. by Quadrant Private Equity. 

OzForex, founded by Matthew Gilmour in 1998, is an online-based foreign exchange and global payments specialist backed by investors Macquarie Group, the Carlyle Group and Accel Partners. The Sydney-based company, which posted an AUD$24.2 million annual profit last March 31, has established partnerships with MoneyGram International Inc. and Travelex.

OzForex is set to gain around AUD$500 million (US$463 million) from the public offering and could become part of the Australian Securities Exchange by the end of 2013, added the source. 

FT Partners, a San Francisco-based advisory firm, is also advising OzForex concerning a potential sale. 

© 2023 VCPOST, All rights reserved. Do not reproduce without permission.
Tags
Share

Comments

Join the Conversation

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics